21 Blackburn Street Reynella SA 5161

21 Blackburn Street Reynella SA 5161
Corner block premium | 875m² land size | 4-bed family configuration | Updated kitchen & bathrooms This property presents a competitively strong proposition due to its substantial corner block, a configuration offering both space and positional scarcity in typical suburban settings. The full internal renovation, particularly the premium kitchen appliances and separate living zones, delivers immediate functionality for a family buyer, eliminating renovation costs and delay. Its alignment with the local school catchment directly serves the core demographic seeking established family homes in this area. The primary decision hinges on reconciling the significant discrepancy in reported internal building area, a verification risk that materially impacts valuation and insurance. The 1970 construction demands a specific building inspection for latent defects, while the corner location may incur higher maintenance costs. This house is best acquired as a long-term family hold, leveraging its rental demand signals for interim income. Propcred provides the real market valuation and locality risk assessment needed to anchor your offer against the July 2023 sale price. * **21 Blackburn Street itself:** Sold for $725,000 in July 2023. This establishes a direct, recent price point for the exact property, providing a critical baseline for current market valuation. The near-$260,000 increase in estimated value since last sale requires justification through comparable sales data, which our analysis would source to validate or challenge this growth.
Detailed Independent Property Report prepared  by PropCred Analyst team for 21 Blackburn Street Reynella SA 5161
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Market Insight:

Reynella is a stable, family-oriented suburb with a strong trades and professional base, driving consistent demand. This demographic, primarily in their prime earning years, supports a robust owner-occupier market. Recent price trends indicate a period of significant capital appreciation, with houses transacting swiftly, reflecting a competitive and undersupplied market. Future growth is underpinned by this solid demographic foundation, though the market’s recent rapid gains suggest a potential sensitivity to broader economic and interest rate cycles.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

875m²

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